DislikedLooking ahead over the weeks ahead-I can see price targeting into 1.3750 ish This week obviously, there is a general election coming up. But the Tories will win this, plus there is a small matter of the US cash rate meeting and of course Trump's decision over tarriffs This is the most important thing in the markets. So this week you would expect to see more of a risk off bias on Cable - its an election. And the strong NFP figures on Friday will give extra strength into the dollar. I would also expect Powell to still be neutral positive. For me its...Ignored
The thing is the market is really concerned about is Trump - and his tariffs
This is putting pressure on the dollar and pushing up the Euro (especially in light of the decent figures this morning), which obviously has an effect on the pound.
Nothing like clear sentiment is there.
The other thing is that every bank on the planet is bullish on Cable